Beijing cracking down on property financing via trusts
Banking regulator's directive covers real estate and other industries facing overcapacity, say sources
Beijing
CHINA'S banking regulator has instructed trust companies to rein in funding to the nation's booming real estate sector, intensifying a campaign to curb risks in both the property market and the shadow-finance industry.
The China Banking Regulatory Commission's (CBRC) guidance covered real estate and other industries facing overcapacity, according to people familiar with the matter.
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